Only a few days before fully reap the fruits of his labor. The Tax Freedom Day, ie the date on which the income of employees not used to pay taxes and contributions but their own expenses, falls on July 29, according to the annual study of the Molinari Institute, a liberal think-tank Franco-Belgian that has obtained the Figaro.
The date of liberalization has not changed compared to 2015, implying that the tax relief promises of the government have not yet borne fruit.
Worse the French are now employees who bear the highest tax burden in Europe: their incomes are taxed at 57.5%. The Belgians, traditionally the top of the ranking, have given way thanks to reductions in social charges plan. The Tax Freedom Day falls on July 27 this year for them, instead of 6 August 2015.
Services that are not at the height of public expenditure
On average in Europe, the wage tax rate is 45.2%. Cypriots are the least taxed (23.85%), since they work fully for them since March 29. In the UK, the tax rate is 35.29%, while in Germany it is 52,36%.
But the French do they get their money thanks to a protective social model? Not all evidence, since the country does not offer high performance utilities. “It seems that the high level of French collective spending is not associated with an additional well-being to justify the tax differential,” said the institute.
The think tank also said that Belgian UN rank France in 22nd position out of 188 countries in its latest human development Index (HDI), ie at a level that is not living up to its public spending.
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